Category Archives: Uncategorized

The Power & Paranoia Of Redaction

Posted on April 1, 2019 by macromon

Grab your popcorn and strap yourself in, folks,  for the coming political donnybrook over the full release of an unredacted version of the Mueller Report.   Me thinks it will be kicked up to the Supremes to decide. The above is exactly … Continue reading →

Posted in Uncategorized | Tagged , | 3 Comments

Beware Of Retrofitting Fundamentals To Price Action

Posted on April 1, 2019 by macromon

See our post, Newton’s Q1 Law Of Motion For The S&P,  by clicking here   The past few weeks were a classic exercise in how markets tend to “retrofit” price action to their expectations of economic fundamentals and illustrates the … Continue reading →

Posted in Bonds, Charts, Uncategorized | Tagged , | 2 Comments

Newton’s Q1 Law Of Motion For The S&P500

Posted on March 31, 2019 by macromon

Newton’s three laws of motion may be stated as follows: Every object in a state of uniform motion will remain in that state of motion unless an external force acts on it. Force equals mass times acceleration. For every action, there is an equal and … Continue reading →

Posted in Equities, Equity, Uncategorized | Tagged , | 2 Comments

Stare At The Clouds Long Enough And… Yikes!

Posted on March 31, 2019 by macromon

As the saying goes, “if you stare at the charts long enough, you can see any pattern you what to see.” We weren’t even staring but spotted this cloud pattern last week. It looks similar to only a pooh bear, … Continue reading →

Posted in Technical Analysis, Uncategorized | Tagged | 1 Comment

Quarter In Review – March 28

Posted on March 31, 2019 by macromon

Summary Big bounce in all assets after the Q4/December downdraft Global bond yields way down on global deflation panic as $11 trillion in global bonds now have negative yields The Power of Zero (yields) has driven stocks up with China … Continue reading →

Posted in Uncategorized, Week in Review | Tagged , , , | 2 Comments

Sector ETF Performance – March 29

Posted on March 31, 2019 by macromon

We will be phasing out free rider access to the Sector ETF Performance during our website overhaul to take place over the next month.  Contribute by clicking on donate widget on the right-hand side of the website.   

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Global Risk Monitor – March 29

Posted on March 31, 2019 by macromon

We will be phasing out free rider access to the Global Risk Monitor during our website overhaul scheduled to take place over the next month. Contribute by clicking on donate widget on the right-hand side of the website.   

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BFTP: On Brexit

Posted on March 29, 2019 by macromon

BFTP = Blast From The Past BREXIT ain’ gonna happen.  The political extremes on both ends have “woke” the sleepy and complacent middle, women, and the young – GMM, October 19, 2019 The March 29th exit date has come and … Continue reading →

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IMF Analysis Of Nafta 2.0 = Potemkin Trade Deal

Posted on March 29, 2019 by macromon

Summary IMF published a working paper on NAFTA 2.0 or the USMCA on March 26th The trade deal still needs Congressional approval The impact on GDP is negligible and the effects are relatively small at the aggregate level Trade is … Continue reading →

Posted in Mexico, Trade War, Uncategorized | Tagged , , | 10 Comments

Permabulls For The Long Run

Posted on March 25, 2019 by macromon

  I once heard the late, great financial economist Stephen Ross speak at a Lehman Brothers bond conference in Sun Valley, Idaho.  He opened his presentation with a short story about how investors would approach him and ask, “if you’re … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 15 Comments